Bitcoin and Ethereum Primed To Rise to These Levels in 2022, According to Bloomberg Strategist Mike McGlone

Bitcoin and Ethereum Primed To Rise to These Levels in 2022, According to Bloomberg Strategist Mike McGlone


Bloomberg’s senior commodity strategist thinks both Bitcoin (BTC) and Ethereum (ETH)  are primed to surge in 2022 despite the crypto market’s recent struggles.

In a new analysis, Mike McGlone says both BTC and ETH have solid bases to build on. He predicts they will remain dominant among cryptos in 2022, with Bitcoin moving toward $100,000 and Ethereum breaching $5,000.

McGlone thinks Bitcoin is in a “consolidating bull market” and predicts the US Federal Reserve’s new policies will actually be beneficial for BTC.

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Federal Reserve officials have recently indicated they plan to scale back asset purchases and raise interest rates next year in an effort to fight inflation.

Explains the Bloomberg analyst,

“Expectations for Federal Reserve rate hikes in 2022 may support a win-win scenario for Bitcoin

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